The Centre for Policy Dialogue (CPD) has warned that Bangladesh could lose significant import duty revenue in the current fiscal year due to its new trade agreement with the United States. The concern was raised at a roundtable in Dhaka on March 10, where CPD Executive Director Dr. Fahmida Khatun presented findings showing a potential revenue loss of about Tk 1,327 crore. The deal, titled the Agreement on Reciprocal Trade, allows duty-free import of around 4,500 US products and requires tariff reductions on another 2,210 items over the next five to ten years.

CPD noted that the arrangement may create a one-sided market advantage for the US and could conflict with World Trade Organization (WTO) principles, potentially complicating Bangladesh’s trade policy. The organization also cautioned that mandatory purchases of certain US goods could raise government expenditure, urging a review of the deal through dialogue with Washington.

The discussion further highlighted Bangladesh’s revenue shortfall, growing reliance on bank borrowing, and slow development spending, with CPD recommending realistic budget targets and long-term fiscal reforms to stabilize the economy.